Howard Lutnick, the Commerce Secretary, has so far defied predictions of his ouster, but his appearance in the recently released Jeffrey Epstein files has placed him in a difficult position. The situation was highlighted during a recent Senate hearing where the billionaire former CEO was pressed to explain a 2012 trip he took to the […]
Treasury Secretary Scott Bessent stated that any refunds from tariffs struck down by the Supreme Court would amount to “ultimate corporate welfare,” suggesting he sees little benefit flowing to American consumers. Bessent’s comments came hours after the high court’s ruling, which left unanswered the question of what happens to money already collected. He indicated that […]
A Supreme Court decision on Friday dramatically reshaped the U.S. trade landscape, striking down the centerpiece of President Trump’s second-term tariff program. In a 6-3 ruling, the court found that his sweeping blanket tariffs were illegal, declaring that the 1977 law he used—the International Emergency Economic Powers Act—does not grant the president the authority to […]
The Supreme Court fundamentally reshaped America’s trade policy landscape on Friday, ruling 6-3 that the president’s expansive tariff program exceeded legal authority. The decision invalidated the centerpiece of the administration’s trade agenda just over a year after its implementation. Chief Justice John Roberts, writing for the majority, stated unequivocally that existing emergency powers legislation “does […]
